Spar Asia flourishes
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Food retailer Spar Asia had “significant” developments during its latest financial year.
In a partnership with Ramayana, the Amsterdam-based group opened 15 stores in Indonesia in nine months, had rapid growth in India after re-entering the market in 2014, and saw its China sales rise 6.8 per cent to €1.9 billion (US$2.14 billion).
Internationally, its retail sales netted €33 billion for the year, a 3.5 per cent increase on 2014 – the group’s strongest sales growth in five years.
During the year it entered four new countries, in Asia, Africa and the Middle East, taking its total to 12,100 stores in 42 countries serving 13 million customers a day. Spar International’s multi-format strategy includes hypermarkets, supermarkets, and neighbourhood and convenience stores.
The fresh department is at the core of the Spar concept, with the stores also offering FMCG products and core non-food ranges. Value is underpinned through its low-priced, quality private-label products.
Questions & Answers
Q.What is Spar Asia's main strategy for its stores across different markets?
What is Spar Asia's main strategy for its stores across different markets?
Spar International employs a multi-format strategy, opening hypermarkets, supermarkets, and neighbourhood and convenience stores. The fresh department is central to its concept, alongside FMCG products and core non-food ranges, with value offered through private-label items.
Q.How did Spar's overall international sales perform in the last financial year compared to previous years?
How did Spar's overall international sales perform in the last financial year compared to previous years?
Internationally, Spar's retail sales reached €33 billion, representing a 3.5 per cent increase on 2014. This growth figure marked the group’s strongest sales performance in five years, indicating significant expansion.
Q.Which specific Asian market saw 15 new Spar stores open in a nine-month period?
Which specific Asian market saw 15 new Spar stores open in a nine-month period?
In partnership with Ramayana, the Amsterdam-based Spar group opened 15 stores in Indonesia within a nine-month timeframe. This contributed to their significant developments during the latest financial year across Asia.
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